21 Royal Avenue West, Onchan, IM3 1HD

  • Asking price: £325,000
Royal Avenue West, Onchan

Overview

  • Commercial
  • Property Type
  • 0   
  • Bedroom
  • 0   
  • Bathroom

Description

  • Residential investment opportunity
  • 3 x two bedroom flats
  • In need of renovation and modernisation
  • Projected rental income: £25,020 per annum
  • Potential for growth with renovation and modernisation

An opportunity to acquire a residential investment property comprising of 3 x 2 bedroom flats.

Flats 1 & 2 are vacant and flat 3 has a long term tenant. All flats require renovation work throughout and would benefit from modernisation.

Annual rental income of £8,340, with a potential of £25,020 per annum when fully let, reflecting a gross yield of 7.69%. Potential for growth with renovation and modernisation.

Property Documents

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Details

Updated on June 14, 2023 at 2:34 pm
  • Property ID: DR3435
  • Price: Asking price: £325,000
  • Bedroom: 0   
  • Bathroom: 0   
  • Property Type: Commercial
  • Property Status: Sold STC

Additional details

  • Residential investment opportunity:
  • 3 x two bedroom flats:
  • In need of renovation and modernisation:
  • Projected rental income: £25,020 per annum:
  • Potential for growth with renovation and modernisation:
  • Address Royal Avenue West
  • Area Onchan

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